If you’re going to be all in the mid high 300’s then I hope your rents are $400+ also if you want to brrr, it is ideal not to use owner occupied loans for brrrr in general.

Being that I am in California and its not the easiest to cash flow what would be an ideal target for my Cash on Cash return to be? 

It’s not wrong, but it’s not ideal.

Ideally I can operate it as a prime STR for 3-5 years, devolve into a mid-term rental for 3-5, then operate it as a Long Term Rental until the market value and my equity conspire to make a cash-out refinance possible to restart this cycle for another 9-15 years.

My guess is that if you are asking about using FHA or DSCR, you are likely not in an ideal position to use a DSCR loan yet.I would recommend that you get in touch with a local realtor and explain your goals to them.

Financial Situation:- Single professional ($200k / annual salary)- Remote job (can work anywhere / establish permanent address anywhere)- ~$100k savings (between checking, index funds, and small crytpo portfolio)- Grew up in Southern California (I don't intend to invest in CA, but it is the market I am most familiar with so I am really looking for advice on how to confidently branch out to other more affordable markets with better ROI)- Dad is a real estate developer based out of Southwest Colorado (considered stepping into this market, but not familiar with it's ROI compared to other states commonly mentioned here)Goals:- Develop passive income streams to match/exceed current salary (I'm trying to escape 9-5 life ASAP)- I plan to utilize an FHA loan to minimize my down payment on my first property (ideally looking for a 4+ unit building where I would rent the smallest unit for myself and maximize the rent from the larger units).

Yes that prepay is tough but if you have a ton of equity by then, the equity would be able to pay for the prepay…. not ideal necessarily but it’s an option to not worry too much about that prepay. 

Ideally I would like to be as hands off as possible, is this unrealistic for someone just starting out? 

Right now the CoC return and cashflow are not ideal but I needed to get my feet wet.

Recently I've been trying to get more leads into the funnel and ideally close more deals faster.